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When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?

When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?
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When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is?

asked
User Abishek Thangaraj
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8.4k points

1 Answer

2 votes

Answer:

Less than the price charged by a monopoly and more than the price charged by a competitive market.

answered
User Mohan Narayanaswamy
by
7.8k points
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